Not just the U.S… Investors have become incredibly complacent around the world

Two recent posts, “No Fear,” and “Reversal Time?” noted the fact that investor sentiment looks dangerously complacent. But that seeming lack of fear is actually a global phenomenon.

Not only is the widely watched CBOE Volatility Index (VIX) trading near its multi-year lows,
indicating that options traders are less-than-concerned about the prospect of a major market disruption, so, too, are implied volatility indexes in Europe, China, and Japan.